IRVINE, Calif., Feb. 13 /PRNewswire-FirstCall/ -- Standard Pacific Corp. today confirmed the receipt of $235 million in the form of a tax refund resulting from its net operating loss carryback for federal income taxes.
The Company indicated in its earnings announcement last week that the refund was expected during the current quarter. The new funds will further enhance the Company's cash on hand.
About Standard Pacific
Standard Pacific, one of the nation's largest homebuilders, has built homes for more than 101,000 families during its 41-year history. The Company constructs homes within a wide range of price and size targeting a broad range of homebuyers. Standard Pacific operates in many of the largest housing markets in the country with operations in major metropolitan areas in California, Florida, Arizona, the Carolinas, Texas, Colorado and Nevada. The Company provides mortgage financing and title services to its homebuyers through its subsidiaries and joint ventures, Standard Pacific Mortgage, Inc., SPH Home Mortgage, Universal Land Title of South Florida and SPH Title. For more information about the Company and its new home developments, please visit our website at: http://www.standardpacifichomes.com/.
